I am buying my first investment property in a different state

[Andres Garcia]

Hello All,

This is my very first post on biggerpockets.com so I hope this im not breaking forum rules and I hope this post help other having my same concern.

I am buying my first investment property (in fact first ever property) on a different state i'm currently living on and I'm having a little bit of challenge getting good loan interest rates due to the fact that loaners and bankers are only offering me Investment Loans. Is there any other type of loan that could offer lower interests rates and still be able to buy the property on a different state?

Thanks and im looking forward to hear back from you!

Andres.